Promising Candidates! 4 mainboard IPOs set to open next week to garner up to 180% GMP
1/5
Strong Demand
Grey market premium is the additional price that investors are willing to pay over the IPO price in the grey market before the stock lists on the exchange. A higher grey market premium is often a sign of strong listing gains for an IPO. Next week, at least six mainboard issues are set to open and among these four are already buzzing in the grey market. Take a look:
2/5
Happy Forgings
Happy Forgings is commanding a premium of Rs 460 in the grey market, which is 54% over the IPO issue price.
3/5
Suraj Estate Developers
Suraj Estate Developers is commanding a premium of Rs 65 in the grey market, which is 18% over the IPO issue price.
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4/5
Muthoot Microfin
Muthoot Microfin is commanding a premium of Rs 88 in the grey market, which is 30% over the IPO issue price.
5/5
Motisons Jewellers
Motisons Jewellers is commanding a premium of Rs 100 in the grey market, which is 182% over the IPO issue price.